Gulf Oil and Gas accountACCOUNT

Polarcus Extends Multi-client Collaboration & Vessel Agreement with TGS

Source: www.gulfoilandgas.com 1/5/2018, Location: Middle East

Share |
Reference is made to the stock exchange release published by Polarcus Limited on 17 October 2016 regarding a multi-client collaboration and vessel agreement with TGS-NOPEC Geophysical Company ASA ("TGS").

Polarcus has extended the agreement with TGS for an additional year. Under the agreement, the companies will continue to jointly develop selected 3D multi-client projects and TGS will extend its vessel commitment with Polarcus to the end of 2018 for up to 10,000 sq. km. The recently announced XArray project in the Gulf of Mexico with TGS forms part of this commitment. Additional awards under this commitment will be announced separately.

"This agreement will continue to leverage the core strengths and expertise of both parties," stated Duncan Eley, Polarcus CEO. "Polarcus acquired over 15,000 sq.km of high quality broadband 3D seismic data for TGS during 2017 and the collaboration will further drive vessel utilization in 2018."

Survey & Maps News in United Arab Emirates >>

Saudi Arabia >>  4/18/2018 - SNC-Lavalin (SNC) has been appointed by Saudi Aramco to install additional facilities for a major gas processing facility in Saudi Arabia’s Eastern Pr...
Saudi Arabia >>  4/10/2018 - During the official visit to Paris by Crown Prince of Saudi Arabia, HRH Mohammed bin Salman, Saudi Aramco and Total signed a memorandum of understandi...

Saudi Arabia >>  4/10/2018 - Saudi Aramco participated in the Saudi-France CEO Forum held in Paris to promote bilateral business and cooperation between the two countries. The For...
United Arab Emirates >>  4/10/2018 - The Abu Dhabi National Oil Company (ADNOC) announced as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum...

Saudi Arabia >>  4/5/2018 - L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Engineering and Construction major Larsen & Toubro Limited, announced an award for th...
Oman >>  3/29/2018 - Petrofac has been awarded a contract worth US$265million for the development of the Marmul Polymer Phase 3 (MPP3) Project in southern Oman. This is th...

Related Categories: Aerial Survey  General  GIS Services  GPS Services  Land Survey  Marine Survey  Site Survey 

Related Articles: Aerial Survey  General  GIS Services  Land Survey  Marine Survey  Site Survey 


United Arab Emirates Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

More News

 

Oil & Gas Companies in United Arab Emirates >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.